Allison Transmission (NYSE:ALSN) posted its earnings results on Wednesday. The auto parts company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.26, Briefing.com reports. The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $688.08 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. Allison Transmission’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Allison Transmission updated its FY 2019 guidance to EPS.
ALSN traded down $1.02 on Friday, hitting $45.22. The company had a trading volume of 874,420 shares, compared to its average volume of 978,287. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. Allison Transmission has a 52-week low of $40.35 and a 52-week high of $53.76. The business has a fifty day simple moving average of $45.94. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.00 and a beta of 1.41.
In other Allison Transmission news, Director William R. Harker sold 4,977,043 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the completion of the transaction, the director now owns 10,318 shares of the company’s stock, valued at $481,850.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randall R. Kirk sold 37,776 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $42.60, for a total transaction of $1,609,257.60. Following the transaction, the senior vice president now directly owns 190,747 shares of the company’s stock, valued at approximately $8,125,822.20. The disclosure for this sale can be found here. Company insiders own 9.00% of the company’s stock.
A number of research firms have recently weighed in on ALSN. Morgan Stanley began coverage on shares of Allison Transmission in a report on Wednesday, July 17th. They set an “equal weight” rating and a $50.00 target price for the company. Zacks Investment Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 target price for the company. in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Allison Transmission currently has an average rating of “Hold” and a consensus price target of $48.89.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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